BidaskClub downgraded shares of FirstService (NASDAQ:FSV) (TSE:FSV) from a hold rating to a sell rating in a report released on Tuesday morning.

A number of other equities analysts have also recently commented on the stock. Zacks Investment Research raised shares of FirstService from a strong sell rating to a buy rating and set a $77.00 price target for the company in a research note on Tuesday, February 13th. Royal Bank of Canada lifted their price target on shares of FirstService from $75.00 to $78.00 and gave the stock a sector perform rating in a research note on Thursday, February 8th. Finally, William Blair reaffirmed a market perform rating on shares of FirstService in a research note on Thursday, February 1st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of $69.20.

FirstService (FSV) opened at $69.85 on Tuesday. FirstService has a 52 week low of $55.52 and a 52 week high of $74.49. The company has a market cap of $2,533.10, a price-to-earnings ratio of 48.17 and a beta of 0.52. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.33.

FirstService (NASDAQ:FSV) (TSE:FSV) last issued its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. FirstService had a net margin of 3.11% and a return on equity of 29.64%. The business had revenue of $438.10 million during the quarter, compared to analysts’ expectations of $416.13 million. During the same period last year, the company posted $0.41 EPS. The business’s revenue was up 15.0% on a year-over-year basis. sell-side analysts anticipate that FirstService will post 2.65 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, April 6th. Investors of record on Thursday, March 29th will be paid a dividend of $0.135 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This is a boost from FirstService’s previous quarterly dividend of $0.12. This represents a $0.54 dividend on an annualized basis and a dividend yield of 0.77%. FirstService’s payout ratio is currently 33.79%.

Several hedge funds have recently added to or reduced their stakes in FSV. ARP Americas LP purchased a new position in shares of FirstService during the 4th quarter worth about $269,000. State of Wisconsin Investment Board purchased a new position in shares of FirstService during the 3rd quarter worth about $308,000. Legal & General Group Plc boosted its stake in shares of FirstService by 40.1% during the 3rd quarter. Legal & General Group Plc now owns 4,887 shares of the financial services provider’s stock worth $320,000 after purchasing an additional 1,400 shares during the period. Jane Street Group LLC purchased a new position in shares of FirstService during the 4th quarter worth about $357,000. Finally, Forsta AP Fonden bought a new stake in FirstService during the 4th quarter valued at about $765,000. 63.78% of the stock is owned by hedge funds and other institutional investors.

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FirstService Company Profile

Firstservice Corporation is a provider of residential property management and other essential property services to residential and commercial customers. The Company operates through two segments: FirstService Residential and FirstService Brands. FirstService Residential is a property manager and provides ancillary services in the areas of on-site staffing, including building engineering and maintenance, full-service amenity management, security, concierge and front desk personnel, and landscaping; banking and insurance products, and energy conservation and management solutions.

Analyst Recommendations for FirstService (NASDAQ:FSV)

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